My Retirement Plan At 35

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Think easier & better to use 100k for CFD trading instead.

I was referring to investment & trading.
(24-07-2012, 09:04 PM)pianist Wrote:
(22-07-2012, 08:35 PM)funman168 Wrote: 1/3 corporate bonds,1/3 AUD Fixed deposit, 1/3 SGP dividend stocks.
Need to amassed enuf experience, knowledge & confidence to be successful.
hi funman, just curious, when u said need to amassed enuf experience, knowledge & confidence to be successful, are u refering to success in one's career or one personal investment?
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(25-07-2012, 02:49 AM)funman168 Wrote: Think easier & better to use 100k for CFD trading instead.

I was referring to investment & trading.
(24-07-2012, 09:04 PM)pianist Wrote: hi funman, just curious, when u said need to amassed enuf experience, knowledge & confidence to be successful, are u refering to success in one's career or one personal investment?
strange how would u amass it when u couldnt find the time amid your busy 100k job..i am asking because i realli dun like the 'no enough time' feeling while working and would wish more time to spend on personal investment & trading
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(25-07-2012, 08:44 AM)pianist Wrote: strange how would u amass it when u couldnt find the time amid your busy 100k job..i am asking because i realli dun like the 'no enough time' feeling while working and would wish more time to spend on personal investment & trading

It is a trade-off. You have only 24 hours every day, and 365 days a year. A day more once every 4 years. To say that you don't like the no-enough-time feeling now, imply that you have had the chance to earn at that level (or beyond) and have to make difficult choices to find a balance between what you like and what you don't. If not, you can try to reach there first - who knows, you might like earning at that level more than you like spending time on your own? High pay does not mean no time. There are high paying jobs, and there are high paying jobs.
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Just cut down on the less productive activities, like partying & watch tv

(25-07-2012, 08:44 AM)pianist Wrote:
(25-07-2012, 02:49 AM)funman168 Wrote: Think easier & better to use 100k for CFD trading instead.

I was referring to investment & trading.
(24-07-2012, 09:04 PM)pianist Wrote: hi funman, just curious, when u said need to amassed enuf experience, knowledge & confidence to be successful, are u refering to success in one's career or one personal investment?
strange how would u amass it when u couldnt find the time amid your busy 100k job..i am asking because i realli dun like the 'no enough time' feeling while working and would wish more time to spend on personal investment & trading
Reply
(24-07-2012, 10:40 PM)greypiggi Wrote: Not sure if this helps but I have asked my banker before and as told each eln the distributing private bank makes about 0.3 to 0.5% as their fee.


I would assume that 0.3-0.5% of the investment amount (it is too little if the % is based on the premium made) is the money made by the private bankers and not the bank. The bank must be earning much more than that.

As the premium paid to the retailers is already at 0.82% (based on the e.g. given earlier), I am sure what the banks are getting are a lot higher.

Considering the following

1. this product is only available for the elite few (not mass produced) and

2. hedge fees of employing hedge funds is high (maybe 5% of the investment amount)

I will have to say that the hedge fund pays a premium of about 2.5% to the banks for insurance.

Deducting 0.82% cost to retailers + deducting 0.5% cost to their bankers (salesman), that will leave the bank profiting about 1.18% of the investment amount.

Note: I am also certain than the premium hedge fund pays is based on the beta of the stock, and the probability of the stock coming down in one month.

Regardless, I thank you, greypiggi, for the useful info. Now I know why private bankers love to sell such products. Based on the e.g. given, the private banker would earn between $600 and $1000 per successful transaction made.
www.joetojones.com - Helping the average Joe find the winning companies to invest in.
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(25-07-2012, 10:11 AM)funman168 Wrote: Just cut down on the less productive activities, like partying & watch tv
thanks funman...i have never watched the tv in my home for the past 10 years already. i hope reading posts in this forum is not considered unproductive?
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